Healthcare Trust of America, Inc. to Issue Quarterly Dividend of $0.33 (NYSE:HTA)

Healthcare Trust of America, Inc. (NYSE:HTAGet Rating) declared a quarterly dividend on Thursday, May 5th, Zacks reports. Stockholders of record on Wednesday, July 6th will be given a dividend of 0.325 per share by the real estate investment trust on Friday, July 15th. This represents a $1.30 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Tuesday, July 5th.

Healthcare Trust of America has increased its dividend by an average of 1.6% annually over the last three years and has increased its dividend every year for the last 8 years. Healthcare Trust of America has a payout ratio of 288.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Healthcare Trust of America to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 69.9%.

Healthcare Trust of America stock opened at $29.84 on Friday. The business has a 50 day moving average of $31.05 and a 200-day moving average of $32.23. Healthcare Trust of America has a 1 year low of $26.36 and a 1 year high of $34.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $6.83 billion, a P/E ratio of 71.05 and a beta of 0.61.

Healthcare Trust of America (NYSE:HTAGet Rating) last released its quarterly earnings data on Monday, February 28th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Healthcare Trust of America had a net margin of 12.78% and a return on equity of 3.04%. The firm had revenue of $195.70 million during the quarter, compared to analyst estimates of $193.35 million. During the same period in the prior year, the company earned $0.43 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Healthcare Trust of America will post 1.81 EPS for the current year.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of Healthcare Trust of America by 3.7% during the fourth quarter. BlackRock Inc. now owns 16,199,335 shares of the real estate investment trust’s stock worth $540,894,000 after purchasing an additional 573,695 shares during the period. Morgan Stanley raised its position in shares of Healthcare Trust of America by 24.7% during the second quarter. Morgan Stanley now owns 1,841,123 shares of the real estate investment trust’s stock worth $49,160,000 after purchasing an additional 364,815 shares during the period. Barclays PLC raised its position in shares of Healthcare Trust of America by 55.2% during the fourth quarter. Barclays PLC now owns 784,802 shares of the real estate investment trust’s stock worth $26,203,000 after purchasing an additional 279,234 shares during the period. Millennium Management LLC raised its position in shares of Healthcare Trust of America by 124.4% during the fourth quarter. Millennium Management LLC now owns 705,761 shares of the real estate investment trust’s stock worth $23,565,000 after purchasing an additional 391,256 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Healthcare Trust of America by 2.6% during the fourth quarter. Parametric Portfolio Associates LLC now owns 283,817 shares of the real estate investment trust’s stock worth $9,477,000 after purchasing an additional 7,283 shares during the period.

Several analysts recently commented on HTA shares. StockNews.com upgraded Healthcare Trust of America from a “sell” rating to a “hold” rating in a report on Friday, March 25th. Credit Suisse Group started coverage on Healthcare Trust of America in a report on Tuesday, February 1st. They issued an “outperform” rating on the stock. Stifel Nicolaus cut Healthcare Trust of America from a “buy” rating to a “hold” rating in a report on Monday, February 28th. Finally, Zacks Investment Research cut Healthcare Trust of America from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.00.

About Healthcare Trust of America (Get Rating)

Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 25.1 million square feet of GLA, with $7.4 billion invested primarily in MOBs. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.

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Dividend History for Healthcare Trust of America (NYSE:HTA)

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